Sports Betting Made Simple: SATURDAY: $514.80 ON THE NAVY MIDSHIPMEN +7 VISITING THE PENN STATE NITTANY LIONS, 3:30 PM EASTERN

Saturday, September 15, 2012

SATURDAY: $514.80 ON THE NAVY MIDSHIPMEN +7 VISITING THE PENN STATE NITTANY LIONS, 3:30 PM EASTERN

After winning my last bet yesterday, my Labby line today is X - X - 10 - 10 - 22. - 36.8 - X - X. My bet is $514.80 on the Navy Midshipmen +7 over Penn State Nittany Lions to win $468 or 46.8 dimes.

If I win that bet, my Labby Line on Sunday will be X - X - X - 10 - 22. - X - X - X..

If I lose today's bet, my Labby Line will become X - X - 10 - 10 - 22. - 36.8 - X - X - 51.48.

What is a Labby Line?

RECAP/UPDATE:

FINAL SCORE: Penn State Nittany Lions 34 Navy Midshipmen 7

One dime is always equal to $10 (starting fund of $10,000/1,000 dimes)
Starting Balance at August 31, 2012 - $10,000
Profit or Loss for Today: Loss of $514.80
Profit or Loss Since Starting This Fund on August 31, 2012 - Loss of $202.80
Balance at end of day, September 14, 2012: $9,797.20

LABBY LINE #1 CLOSED X - X - X- 10 - X - X - X for a profit of $300
LABBY LINE #2 CLOSED X - X - X - X for a profit of $400
CURRENT LABBY LINE X - X - 10 - 10 - 22. - 36.8 - X - X for a loss of $902.80 so far

1 comment:

AnonymousSeptember 15, 2012 at 3:27 PM
that was painful.
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Welcome. I hope you are having a great day!

This is an informational blog for Nevada residents only. Please feel free to make comments. If you think I am full of it, tell me! I hope this blog is helpful and entertaining and even possibly profitable to you. I will never tell you to bet a hockey game! Can I tell you the secret to sports betting in two words? Money management. One thing I know for sure, you are here and you are reading this. You are a winner!

My rules for sports betting:

As you win, your bets per dime should go up. As you lose, your bets per dime will go down. This automatically adjusts for runs or streaks. You should bet more when you are winning and bet less when you are losing. This rule does not apply to Labby Lines.

ALWAYS get the best line. Shop Around. Get up early. Have multiple outs. This is critical to long-term success, you have to do the work. Never play at a sports book which is known for not paying winners, make sure your sports book is not on the Black List. For grading purposes, we will grade all plays as what is most available to players. So don't be surprised if I change the line during the day for grading purposes, IF the line goes against me.

Use 1,000 dimes. Have the biggest bankroll you can put together. Most of the money you can just keep in the bank. But it has to be there to withstand any severe downturn. This is money you can afford to lose.

Never pay for a pick or bet based on what a paid tout says. You know I am giving you my best opinion, because I am not selling you anything! Help your hungry neighbor if you want to give money to someone. You need to have a filtering process to beat the vig. You got to win more than you lose.

If you ever get the urge to bet on a hockey game, lay down till the urge passes.

If you hit a winning streak and get ahead a lot, consider taking your original bankroll off the table and playing with just the profits. As night follows day, a good winning streak can be followed by a bad one.

Watch for fishy lines in college basketball in small leagues, such as the Horizon League. If several casinos have this off the board and the line moves so that it crosses zero stay off the game or consider betting which way the money is flowing. It may turn into a very entertaining game to watch in the last two minutes.

Don't bet the board. Be very selective. Surround and pound! Scared money is no money. Less is more!

Don't do parlays. Bet one game at a time. Parlays are for losers. Never bet on a hockey game.

You can do teasers, but be very selective.

When you get burned out on gambling or don't feel you are up to your best game, take a few weeks or months off. Enjoy the profits. Travel the world or do something different. Life is short.

Football rule - Tattoo this rule on your arm: Buy the half point (the hook) either up or down depending whether you are on the favorite or the underdog when the line crosses 3, 4 or 7 and sometimes 10.

In the NFL, skip the game or play the other side when a home team opens up at -2 1/2.

Bet the favorites early and underdogs late, especially in a game that is getting a lot of action. Generally the public will be all over the favorite, driving up the price.

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This is not a hate or an expose site. This site is about making money and humor. I appreciate all the guest handicappers who make a periodic appearance here. Good luck to you all!